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Nov 26, 2012
11/12
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that'll be an awfully big hit to the economy. liz: to a for somebody economic council, physically says middle-class tax cuts on consumer spending, everybody spends. how do we come to this agreement, we keep hearing left the tax cuts they now warren buffett came out with an op-ed in "the new york times" say saying we should make that 500000 or under because two and 50,000 of their family is not rich and if the tax cuts expire as well they may be in trouble. do you think there is any wiggle room to move at 250,000 number little bit higher? >> would have to raise a significant amount of revenue so we are on a sustainable path. we cut taxes at a time when the economy could not afford it. we baltimore on a credit card. it will be required for the u.s. government on that unsustainable path. but ultimately that is what it will help our economy. david: what about the idea of deductions? even though the deadline is approaching quickly, when i put $25,000 cap on deductions. covering the overwhelming majority of americans. $25,000 cap on de
that'll be an awfully big hit to the economy. liz: to a for somebody economic council, physically says middle-class tax cuts on consumer spending, everybody spends. how do we come to this agreement, we keep hearing left the tax cuts they now warren buffett came out with an op-ed in "the new york times" say saying we should make that 500000 or under because two and 50,000 of their family is not rich and if the tax cuts expire as well they may be in trouble. do you think there is any...
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Nov 21, 2012
11/12
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i have taken a real bet on the direction of the economy. you are just playing these continuously although they have come in from where they were. we know that the corporate balance sheet is in good shape. let's take a look at whatever silver linings there are. although the earnings outlook is muddled you are buying equities and staking a claim. balance sheets are in great shape and you are getting paid to be in that class. >> always great to speak with you. >> thank you. also within his fiscal cliff proof portfolio farmland. >> cattle prices hit an all-time high today. the cost of feed stock has gone up. i think it is a very good trade. i think you have a lot in the trade and we have seen that the prices have been heavy here. those trades have not worked. >> let's get a market flash hewlett-packard falling. >> higher by nearly 2% today. even after several firms downgraded the stock following the rough ride yesterday that came after an 8.8 billion dollar write down. h.p. says there were serious accounting impropriities while autoonomy says t
i have taken a real bet on the direction of the economy. you are just playing these continuously although they have come in from where they were. we know that the corporate balance sheet is in good shape. let's take a look at whatever silver linings there are. although the earnings outlook is muddled you are buying equities and staking a claim. balance sheets are in great shape and you are getting paid to be in that class. >> always great to speak with you. >> thank you. also within...
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Nov 26, 2012
11/12
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the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries, durable goods, auto purchases. evidence like this is a reason why retailers are so concerned that congress has not yet extended the middle-class tax cuts. >>reporter: and carney noted the president spoke with harry reid and speaker boehner over the weekend. everyone is anticipating another high profile white house meet this week on the fiscal cliff sources in congress say there is you not one on the schedule so far. >>shepard: over the weekend some republicans are telling grover norquist to take a hike with the "we won't raise taxes" pledge. >>reporter: the fine tuning is they are saying we are okay with close loopholes but they don't want to raise tax rates. the republicans are saying the survey done by a group calls the winston group, a republican research firm, says 65 percent of americans back tax reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering.
the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries, durable goods, auto purchases. evidence like this is a reason why retailers are so concerned that congress has not yet extended the middle-class tax cuts. >>reporter: and carney noted the president spoke with harry reid and speaker boehner over the weekend. everyone is anticipating another high profile white...
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Nov 29, 2012
11/12
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is heading more and more toward sort of european socialist style economy. now, the european social model has been a failure in europe. no reason to believe it will succeed in the united states. and as margaret thatcher pointed out many years ago, the problem with socialist governments is that eventually they run out of other people's money to spend, and that is what is happening here in the united states. a poll came out today showing that 45 percent of democrats look favorably upon socialism which is a deeply worrying development. fortunately most americans -- gerri: did you say 45? gerri: 45? >> 45 percent of democrats according to a rasmussen poll published earlier today. fortunately the overall majority still believe in a capitalist free enterprise system, so there is still. gerri: the problem with what is being talked about, what is on the table is that it changes so dramatically. individuals, business operators. it -- one each address this directly. wealthy people will never change the way live. it won't change and they spend, how they invest. just be
is heading more and more toward sort of european socialist style economy. now, the european social model has been a failure in europe. no reason to believe it will succeed in the united states. and as margaret thatcher pointed out many years ago, the problem with socialist governments is that eventually they run out of other people's money to spend, and that is what is happening here in the united states. a poll came out today showing that 45 percent of democrats look favorably upon socialism...
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Nov 28, 2012
11/12
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it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying you are precaving. >>guest: that is nonsense. the reality is, tax rates go up for every american on december 31st. if we can make sure that doesn't happen for 98 percent of them and continue to fight for the other 2 percent, that makes a lot of sense and the american people will listen to us in that discussion if they know their taxes aren't going up. we will win the argument. i do believe most people understand raising tax rates is bad for the economy, it costs jobs, it actually in the long term undermines revenue. right now, everyone's
it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying...
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Nov 21, 2012
11/12
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david: what does this mean for our economy? >> we still depend a lot on chinese imports, companies like caterpillar. >> what it means is that we are counting on china as an export market for our companies, like caterpillar, and i don't think we will be able to do that because chinese consumers won't have the ability to go out and buy. also because conservatives will try to shut out foreign companies in the chinese market. they have been trying to do that since the middle of 2006. they have also been going after the private entrepreneurs who are very productive. what they are doing is getting rid of the best elements of the chinese economy, and they are trying to weber state owned enterprises, which are really the worst. david: what techniques they used to keep our companies out? >> the first thing they did in 2006, he saw this with microsoft and goldman sachs, they prevented takeovers. and they have been trying to make sure that foreign companies have to surrender technology, and all sorts of these types of little techniques. a
david: what does this mean for our economy? >> we still depend a lot on chinese imports, companies like caterpillar. >> what it means is that we are counting on china as an export market for our companies, like caterpillar, and i don't think we will be able to do that because chinese consumers won't have the ability to go out and buy. also because conservatives will try to shut out foreign companies in the chinese market. they have been trying to do that since the middle of 2006....
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Nov 26, 2012
11/12
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it is a march towards the central control of the economy. dagen: if we raise more revenue, there will not be a turnaround and they will cut spending. the democrats. >> yes, i am saying it. this is economics 101. more money the government takes from us, the less money we have to invest. the less money we have to invest, the less jobs that will be produced. how do you think we got to the point where half the country is dependent on the government already. dagen: you do not think the proportionally? cut spending >> no. grover norquist has worked towards this and my hat is off to him, i think it is a losing cause. so long as republicans fall for the same nonsense that the democrats have given us. give away money and return for votes. connell: we will run to the markets. we could go all afternoon with this. dagen: just me and the judge. connell: look at this. dagen: take a look at the dow industrials now. we also want to take a look at apple stock, do we not? connell: of 1% today. almost out $580 on the apple stock price. dagen: shibani joshi. yo
it is a march towards the central control of the economy. dagen: if we raise more revenue, there will not be a turnaround and they will cut spending. the democrats. >> yes, i am saying it. this is economics 101. more money the government takes from us, the less money we have to invest. the less money we have to invest, the less jobs that will be produced. how do you think we got to the point where half the country is dependent on the government already. dagen: you do not think the...
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Nov 22, 2012
11/12
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between that and how do we have an economy? how we grow an economy? that we provide for the kids? >> that's a great point. when i talked about the exploding cost of entitlement, there is something that is the expensive single program. it is hard to reform these programs with the democrats and unions. the union to run as for the first thing they say in a press conference after they met with president obama is we are not going to tolerate any reductions on any of these programs. it makes it very difficult to do anything about reforming them when you have one party that doesn't want to do it. >> so this is a centerpiece of the fiscal cliff on the spending side. it would be up to the republicans to convince the american public that we have to reform these things in order to save these things. to a large degree, we have to be concerned that they are not articulating this to the point where people are saying now. i'm not ready to do it. even though the irony is any sort of reasonable person would suggest one hit anybody older than 40 years old right now. >> what was depressing -- there
between that and how do we have an economy? how we grow an economy? that we provide for the kids? >> that's a great point. when i talked about the exploding cost of entitlement, there is something that is the expensive single program. it is hard to reform these programs with the democrats and unions. the union to run as for the first thing they say in a press conference after they met with president obama is we are not going to tolerate any reductions on any of these programs. it makes it...
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Nov 29, 2012
11/12
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this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time applications for unemployment benefits as hurricane sandy had the labor market and cont
this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who...
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Nov 28, 2012
11/12
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you had the economy growing. you had world economies growing. gold is not just for gold bugs. every investor should take a portion of their portfolio and some exposure to hard assets like gold and it is gaining traction. david: why not just buy, there are premiums built into all the products that you sell, that's why you're in business in order to make a little profit. >> yes. david: why not just buy gld? essentially look at gld, look at the spdr if we put it up up on the screen. this is the price of gold on top of gld. they track almost perfectly. why not just buy the stock? >> well --. david: no premium. >> you want physical asset. buy a reit or asset. david: this tracks the spike of gold tick by tick. >> this is security. many like to eliminate the counter part risk. they want physical asset something they can see and touch. you can by physical real estate oar by the reit. many people want the hard asset. gld is fine but a gld is security. having physical gold is one component that is very important. david: what do you think? do you think the situation will deer tate rate s
you had the economy growing. you had world economies growing. gold is not just for gold bugs. every investor should take a portion of their portfolio and some exposure to hard assets like gold and it is gaining traction. david: why not just buy, there are premiums built into all the products that you sell, that's why you're in business in order to make a little profit. >> yes. david: why not just buy gld? essentially look at gld, look at the spdr if we put it up up on the screen. this is...
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Nov 27, 2012
11/12
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what is the ways in which the united states' economy and u.s. businesses deepen ties with mexico in ways that help both countries? it's not that long ago, tamron, when presidential candidate obama was criticizing the nafta trade deal, so was hillary clinton in that democratic primary. now that trade deal was never renegotiated, which is something that was raised during the primary campaign. how do you now move to deepen ties in ways that doesn't provoke a backlash here in the united states? it's a significant challenge. >> all right, john. thank you very much. great pleasure having you on. up next, investigators exhume i can't sayer arafat's body eight years after his death over suspicions he was poisoned. plus -- >> please stop watching. i'm on to "mad men." i don't want to be on. please stop watching it. please stop filling your head with filth. please. >> this is one of those buzz stories we have to talk about. this is the 19-year-old star of the tv show "two and a half men." he looks different. he's slamming the hit show that, you know, pays
what is the ways in which the united states' economy and u.s. businesses deepen ties with mexico in ways that help both countries? it's not that long ago, tamron, when presidential candidate obama was criticizing the nafta trade deal, so was hillary clinton in that democratic primary. now that trade deal was never renegotiated, which is something that was raised during the primary campaign. how do you now move to deepen ties in ways that doesn't provoke a backlash here in the united states?...
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Nov 29, 2012
11/12
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about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's expected to happen? >> reporter: good morning, bill. the vote on the palestinians, a nonmember observer state. we expect to hear from palestinian authority president mahmoud abbas within the next hour. that vote coming after he turned president obama down flat. the u.s. does not want this vote. the palestinians made a move for it last year in the security council where we have a veto. there is no u.s. veto in the 193-member general assembly where it is expected to pass overwhelmingly later this afternoon. last year the pal
about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's...
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Nov 27, 2012
11/12
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they want the economy back on its feet. they want the ultimate message or goals of the revolution were liberty, social justice. under those is employment, economy, safety on the streets and end to police brutality. this is so important. one of the main catalysts of the revolution police brutality. up until this morning we were see tremendously high levels of police brutality. three young men, two younger than 20, were killed in the past week in clashes with police. so there were many clear demands that our president seems to be ignoring for the sake of grabbing power for himself. >> mona, as a woman in egypt, you've been attacked, harassed in the past, you've been vocal about fighting for women's rights. do you think there's been any progress in this new leader? >> i think the big of the sign there is progress in egypt that is people are speaking out. i've been vocal about my sexual assault at hands of egyptian riot people. women i know today are vocal about any sexual violence they faced whether at hands of the thugs, poli
they want the economy back on its feet. they want the ultimate message or goals of the revolution were liberty, social justice. under those is employment, economy, safety on the streets and end to police brutality. this is so important. one of the main catalysts of the revolution police brutality. up until this morning we were see tremendously high levels of police brutality. three young men, two younger than 20, were killed in the past week in clashes with police. so there were many clear...
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Nov 27, 2012
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that does help the economy. 70% of this economy, shep. >> shepard: every year at this time the matter of sales taxes not being paid in some states comes up. every year at this time some big business owners say they are trying to change that. >> actually, it's a lot of small business owners. in fact the alliance for main street businesses really trying to fight what they sees a an unfair advantage by large online companies luring away those shoppers. if i live in california and i shop in massachusetts, a store there, i don't pay sales tax. but if that business is in california, i do. they say that it's unfair to small businesses across this country and many republic governors, believe it or not, are actually lobbying to have the online sales tax laws changed so that everybody pays tax online across the country. big revenue. >> shepard: cheryl casone fox business. thank you. some of the online bargains may be too good to be true. today the federal government and online law enforcement agencies proved it shut down more than 100 web sites selling counterfeit web sites. some set up web sit
that does help the economy. 70% of this economy, shep. >> shepard: every year at this time the matter of sales taxes not being paid in some states comes up. every year at this time some big business owners say they are trying to change that. >> actually, it's a lot of small business owners. in fact the alliance for main street businesses really trying to fight what they sees a an unfair advantage by large online companies luring away those shoppers. if i live in california and i...
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Nov 28, 2012
11/12
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and will it get the economy going, no. so regardless of pledge or no pledge, i don't have a horse in this race, i'm part of the common sense party here, we have to fix the problem and raising taxes doesn't fix that problem. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, tre have been many periods with much higher tax rates, it's never made a dicky bird's difference to people's willingness to invest and that the combination of reduced spending and a few higher taxes for the wealthier people in america is the perfect answer. i just don't get a coherent argument why you can't do a bit of both. >> here's the issue, is that we have never had a period with more than 1% of the gdp in terms of tax hikes since 1969. that was the last time that happened and that put us into a recession and then we had several decades of increasing unempl
and will it get the economy going, no. so regardless of pledge or no pledge, i don't have a horse in this race, i'm part of the common sense party here, we have to fix the problem and raising taxes doesn't fix that problem. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, tre have been many...
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Nov 29, 2012
11/12
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listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
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Nov 28, 2012
11/12
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the economy's okay. it may be more of a 2% plus economy in the fourth quarter than is being given credit on the street. it's not gang busters. the question has been for a long time -- by the way, there's some headlines from the beige book. you can see it really did affect the northeast, new york, and new jersey especially. so we'll see some of that in the data in the months ahead. we'll be seeing some rebuilding going on. you know, i would not make a call here on the economy, scott, to say go ahead and invest in the economy. after the fiscal cliff everything is fine. i think there's a reason for cautious optimism, but i don't think there's a reason to think it's going to go gang busters. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect
the economy's okay. it may be more of a 2% plus economy in the fourth quarter than is being given credit on the street. it's not gang busters. the question has been for a long time -- by the way, there's some headlines from the beige book. you can see it really did affect the northeast, new york, and new jersey especially. so we'll see some of that in the data in the months ahead. we'll be seeing some rebuilding going on. you know, i would not make a call here on the economy, scott, to say go...
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Nov 27, 2012
11/12
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don't tell me tax increases will ruin the economy. warren buffett wrote an op-ed, it's a lame outdated discredited argument from the gop. stop repeating the talking points. >> larry elder, i'll give you the last word. >> may i respond. the clinton income tax hikes underproduced revenue based upon their projections. they got in less money than they thought. when clinton lowered capital gains they got in far more revenue than they thought. cutting taxes is expansionary and raising taxes is contractionary. >> this discussion still comes down to spending. >>> a man in washington who has never wavered on this issue is senator tom coburn and in 20 minutes mr. coburn will join to us vent his frustrations about the fiscal cliff and the one-sided discussion and attention on revenues alone which is driving me crazy. politics aside, the question is what happens to the economy and your money if we go over the cliff or just kick the can down the road? you're going to want to hear what our next guest's predictions are because he's a former undersec
don't tell me tax increases will ruin the economy. warren buffett wrote an op-ed, it's a lame outdated discredited argument from the gop. stop repeating the talking points. >> larry elder, i'll give you the last word. >> may i respond. the clinton income tax hikes underproduced revenue based upon their projections. they got in less money than they thought. when clinton lowered capital gains they got in far more revenue than they thought. cutting taxes is expansionary and raising...
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Nov 29, 2012
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we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this has sort of passed by. i wouldn't say blissful ignorance, but it has not affected their behavior. you had a fairly strong set of economic numbers this fall. the housing market seems to have finally turned up after a period of obviously deep decline. and so consumer confidence, which is one of our best proxies for this kind of thing, has been turning up and really does not yet -- the fiscal cliff does not yet seem to have penetrated their consciousness. for those of us who were in stores over the holiday weekend, stores are crowded, people are buying, but it's only
we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this...
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Nov 23, 2012
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economy. i thinkist the moguling being throw in front of it, our self-inflected issues, you know, last time around we sequestration. are we going to have sequestration 2? of course we'll put a band-aid, but we need leverage to have reform predicated to surrender on the band-aid. >>> we've got to go, guys. i've got to go with this. we've got to move on. this is the last hour of trading, so we've got to move here. thank you for your thoughts today. steve, thank you, you're voting on a committee of politicians. i find hope in that somehow. >> yeah. you're in the hopeful camp. >> hoping at the last moment they will do the right thing. >> was that a pig that just flew by? the market is slowly coming off the lows. >> instead the last time the markets closed in positive territory on black friday was 2008. let's see if we can do it again. we have full team coverage of where it's shaping up to be a jolly holiday season. >> our luxury or discount retailers. >>> and walmart workers threatening to walk of
economy. i thinkist the moguling being throw in front of it, our self-inflected issues, you know, last time around we sequestration. are we going to have sequestration 2? of course we'll put a band-aid, but we need leverage to have reform predicated to surrender on the band-aid. >>> we've got to go, guys. i've got to go with this. we've got to move on. this is the last hour of trading, so we've got to move here. thank you for your thoughts today. steve, thank you, you're voting on a...
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Nov 26, 2012
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>> as far as economy goes, what could provide the greatest certainty for the economy right now would be for the house to take up the bill that the senate passed. extend those middle class tax cuts. >> mr. krueger, thank you for joining us. appreciate it very much. >> thank you for having me. >> alan krueger from the white house. in the latest score they're calling them physician ka cal cliff jumpers. senator patty murray of washington, congressman peter e defazio and peter welch saying it might make more sense to let the fiscal cliff come. >> sandra levin says this is no time to jump off the cliff. he joins us now from capitol hill. pleasure to have you here. >> thanks for joining us. >> why are your colleagues wrong about this? >> they're not saying jump off the cliff. i think everybody wants to avoid it. they're saying, let's not have a bad deal. no, we should avoid the cliff. everybody should listen to what alan krueger said. we need to take the steps. we need to extend middle class tax cuts that would be the major component of avoiding the impact of going over the cliff. we shoul
>> as far as economy goes, what could provide the greatest certainty for the economy right now would be for the house to take up the bill that the senate passed. extend those middle class tax cuts. >> mr. krueger, thank you for joining us. appreciate it very much. >> thank you for having me. >> alan krueger from the white house. in the latest score they're calling them physician ka cal cliff jumpers. senator patty murray of washington, congressman peter e defazio and...
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Nov 21, 2012
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bernanke knows how the economy is. falling off the cliff will send the economy back into the kind of recession a country does not quickly recover from. if you heard what the chairman was saying even without going over the fiscal cliff he is not expecting vibrancy. he is telling congress it is time to do your jobs. the fed has risked the value of our currency with massive money printing to compensate for washington's dysfunction. mr. bernanke made it clear congress and the president own this fiscal cliff. it is on them to overt the crisis. take a look at the day on wall street. the dow jones finished up. and the s&p 500 up 30 and a quarter points on the session. volume very light. markets closed tomorrow. half a day on friday. thank you for being with us for all of us here at the closi"clo bell." >> follow us on twitter. . >>> it's almost thanksgiving and in the world and wall street we have lots to be thankfu
bernanke knows how the economy is. falling off the cliff will send the economy back into the kind of recession a country does not quickly recover from. if you heard what the chairman was saying even without going over the fiscal cliff he is not expecting vibrancy. he is telling congress it is time to do your jobs. the fed has risked the value of our currency with massive money printing to compensate for washington's dysfunction. mr. bernanke made it clear congress and the president own this...
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Nov 28, 2012
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in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post poll, 60% support raising taxes on incomes over $250,000. a healthy majority. indeed, even some republicans appear to be under sway, by the force of reason. >> in my view, we all agree we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases. try to continue to work honestly for a much bigger deal. >> oklah
in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's...
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Nov 29, 2012
11/12
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. >> in terms of the economy, are you worried about 2013? a lot of talk about recession, particularly if we were to go off the fiscal cliff. what's your take on economic landscape in the next year? >> i think there are mixed signs out there. there is great apprehension in small business and in business at large with the prospects of tax increases or dramatic spending cuts that might trigger triggered. i think there's great anxiety. when there's anxiety, people generally don't spend money. the concern is well founded. >> and my thanks to john wattson. >>> political posturing on the fiscal cliff from leading republicans and democrats alike. >> i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. >> we have made our proposal. let them come forward with something. >> find out what senate majority leader harry reid's nevada constituents are saying about his performance. >>> also, is it time for the u.s. to join the ranks and put $1 billis to rest in favor of a $1 coin? believe it or
. >> in terms of the economy, are you worried about 2013? a lot of talk about recession, particularly if we were to go off the fiscal cliff. what's your take on economic landscape in the next year? >> i think there are mixed signs out there. there is great apprehension in small business and in business at large with the prospects of tax increases or dramatic spending cuts that might trigger triggered. i think there's great anxiety. when there's anxiety, people generally don't spend...
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Nov 28, 2012
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and the underlying economy ain't doing so hot. this new trimble is all about helping customers become more productive and more efficient, antidote for this low growth economic environment. it uses proprietary technology, collect data from other measurement technologies and it processes that data that's designed to tell the customers what's needed to improve efficiency of workers out in the field. especially at construction sites and new infrastructure builds. those software builds can cut fuel costs or improve customers service or safety standards. it all comes down to helping other companies to find new ways to squeeze more money out businesses. that's the kind of pitch that never goes out of style. certainly not one that the old trimble could have offered. it's a joint venture with cat pilller where their technology will be sold to cat dealerships for everything to machine control technologies. this gives the company a tremendous outsource international sales force. it looks like it's become the real deal. companies had a confer
and the underlying economy ain't doing so hot. this new trimble is all about helping customers become more productive and more efficient, antidote for this low growth economic environment. it uses proprietary technology, collect data from other measurement technologies and it processes that data that's designed to tell the customers what's needed to improve efficiency of workers out in the field. especially at construction sites and new infrastructure builds. those software builds can cut fuel...
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Nov 21, 2012
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. >> and you stimulate your economy. if you raise rates and don't cut expenditures, what you are doing is making the fiscal problem that much worse. raising rates is a onetime revenue grab. expenditures is a long-term reduction in. and the reality is, we have to do a lot more of expenditure reduction than we do increases in revenue. tom: do you think that the democrats and specifically the president would go along with some sort of quid pro quo where for every dollar for every $5 of reduction in spending we will have some sort of formula that raises rates? >> i think that is doable. not raising rates. i think raising revenue, meaning put some limits on deductions. but some women on exemptions. but some women on some of these special deals that people have or engage in. i concede that as an avenue through which you can gain more revenue. it comes out to the same thing. taxes go up. tom: but it's a little easier to sell. >> the promise not to increase tax rates. but none of it, i think, works. unless the white house is ser
. >> and you stimulate your economy. if you raise rates and don't cut expenditures, what you are doing is making the fiscal problem that much worse. raising rates is a onetime revenue grab. expenditures is a long-term reduction in. and the reality is, we have to do a lot more of expenditure reduction than we do increases in revenue. tom: do you think that the democrats and specifically the president would go along with some sort of quid pro quo where for every dollar for every $5 of...
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Nov 26, 2012
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if you raise rates that will impact jobs, that will impact the economy in a devastating way. that's why i don't think you see any republicans moving on that. jon: doug, what do you think about that? >> well the rates we're talking about raising they would go back to where they were under president clinton and during the '90s i think most people would agree we had a pretty strong economy. certainly stronger on that the one george bush and liz cheney's dad brought us. look at the end of the day, you know this is going, it will have to be balanced and to get to $4.4 trillion, that is the kind of target number that the president has put out there you can't just do it on spending cuts. i'm not sure if you can do it just on capping deductions. that is what these guys are paid big bucks for to figure out. sit at table, do the arithmetic, get a final deal. jon: we had 9/11 during the bush administration and that had huge impact on economy and wars after it. doug and ron, thank you both. we started a question about the discussion of grover norquist. he will be neil cavuto's guest on "
if you raise rates that will impact jobs, that will impact the economy in a devastating way. that's why i don't think you see any republicans moving on that. jon: doug, what do you think about that? >> well the rates we're talking about raising they would go back to where they were under president clinton and during the '90s i think most people would agree we had a pretty strong economy. certainly stronger on that the one george bush and liz cheney's dad brought us. look at the end of the...
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Nov 27, 2012
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american shoppers are the driving force of our economy and they are in a spending mood. the latest numbers show that 247 million went holiday shopping over the weekend and spent more than $59 billion. morsi 28 football fields. last cyber monday-- its busiest day of the year-- amazon processed 200 orders per second. amazon vice president craig berman says the company expects business this year will be even better. >> we've hired and are continuing to hire 50,000 seasonal workers to meet customer demand. >> reporter: that's in addition to amazon's 20,000 full time workers like packing manager mark pulley. >> we need to come up with a new word for busy. we've been on hyperdrive. >> reporter: across the country, online sales account for 10% of holiday purchases, says ellen davis with the national retail federation. >> the share of sales happening online is still fairly low. however, the internet influences now about 50% of what consumers buy. >> reporter: because shoppers look for sales and compare prices online before they buy. and that stretches over the whole holiday seas
american shoppers are the driving force of our economy and they are in a spending mood. the latest numbers show that 247 million went holiday shopping over the weekend and spent more than $59 billion. morsi 28 football fields. last cyber monday-- its busiest day of the year-- amazon processed 200 orders per second. amazon vice president craig berman says the company expects business this year will be even better. >> we've hired and are continuing to hire 50,000 seasonal workers to meet...
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Nov 27, 2012
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economy. we're trying to help the economy. and so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and grounds for my position. >> the truth is this country does not need to go through this fiscal cliff, which is fundamentally a huge tax increase and very little spending cuts. we're favoring a huge automatic tax increase that needs to be changed. >> bottom line we can't go off the fiscal cliff. democrats have harry reid. we have mitch mcconnell. get them in the room. no one gets all they want. if reagan and o'neill could do it, obama and boehner should be able to do it. >> it's the right approach, the one most beneficial for our economy, that protects the middle class and strengthens it and creates ladders of opportunity for those who aspire to the middle, to get there. >> it's time for the president to present a plan that rises above the reckless and radical voices on the hard left, that goes beyond the talking points of the campaign t
economy. we're trying to help the economy. and so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and grounds for my position. >> the truth is this country does not need to go through this fiscal cliff, which is fundamentally a huge tax increase and very little spending cuts. we're favoring a huge automatic tax increase that needs to be changed. >> bottom line we can't go off the fiscal cliff. democrats have harry reid. we...
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Nov 27, 2012
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but i'm confident about the american economy over the decades to come. we will have ups and downs and i can't predict them but america is a winner. >> fiscal cliff and what it means for your money on "fast money" right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. special dividends are coming fast and furious. why apple might offer a fast payback. will the market be naughty or nice to investors. chart breaks down the technicals. forget stores and waiting in line. we are breaking down the best ways to play it. grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and why i think the mark
but i'm confident about the american economy over the decades to come. we will have ups and downs and i can't predict them but america is a winner. >> fiscal cliff and what it means for your money on "fast money" right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. special dividends are coming fast and furious. why apple might offer a fast payback. will the market be naughty or nice to investors. chart breaks down the...
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Nov 21, 2012
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economy is getting cheaper. this big reduction is making it a little more exciting. >> it can be health care versus defense stocks. you know, one way or the other depending on the fiscal cliff. you ready to buy either of those? >> i think at this point, if you go over the fiscal cliff, those sectors will be very exciting. one area that i'm really looking at is cyclical versus defensive. i like the cyclicals. >> all right, gentlemen. thank you very much. it's the 65th anniversary for the toys for tots campaign by the m
economy is getting cheaper. this big reduction is making it a little more exciting. >> it can be health care versus defense stocks. you know, one way or the other depending on the fiscal cliff. you ready to buy either of those? >> i think at this point, if you go over the fiscal cliff, those sectors will be very exciting. one area that i'm really looking at is cyclical versus defensive. i like the cyclicals. >> all right, gentlemen. thank you very much. it's the 65th...
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Nov 26, 2012
11/12
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raising taxes is bad for the economy. we ought to be growing the economy. if we grew -- >> you're wearing me out today, grover. i hear you. would you target someone? >> we would certainly highlight who has kept their commitment and who hasn't. but the point is historically the people who lose do so because the people in their state have figured that out. look, two quick things. we ought to have these negotiations in front of c-span cameras. >> i support that. >> so that not just you have me on here saying shouldn't you raise taxes, you should ask the obama administration for four years, you've done no entitlement reform. put something on the table. >> i'd like to see how all the negotiations are done. i support that. what's your second thing? >> on c-span, cnn can be there, too. secondly, when it's finished, when it's decided, write it down. put it online for seven days. so the american people can read it. don't t.a.r.p. us again, rush us and say, sign this, sign this. it's really good. let the american people read it. if we do those two things lindsey grah
raising taxes is bad for the economy. we ought to be growing the economy. if we grew -- >> you're wearing me out today, grover. i hear you. would you target someone? >> we would certainly highlight who has kept their commitment and who hasn't. but the point is historically the people who lose do so because the people in their state have figured that out. look, two quick things. we ought to have these negotiations in front of c-span cameras. >> i support that. >> so that...
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it's an export economy but an economy we should worry much more about is the shanghai index in china and this stock market is at the lowest levels since early '09. what does that say about the global economy? think about it. back to you, jim. >> great analysis again. what a disparity. >> worried about panasonic and sony and these companies and they need that yen to be lower. let's check out latest news in energy. mary thompson is at the nimax. energy all over the map. >> that's right. this morning we have the energy complex that's mixed. we did see initial support to crude oil from that greek deal but that quickly dissipated. dollar strength keeping pressure on crude today. traders of course keeping watch on tensions in the mid easts s but because that provides pressure to crude oil. those are some of the factors at play today. look at the rest of the energy complex, december contracts for gasoline, heating oil, as well as nat gas expire today. natural gas continuing the decline from yesterday after it came under pressure because of a warm forecast for the month of december. checking
it's an export economy but an economy we should worry much more about is the shanghai index in china and this stock market is at the lowest levels since early '09. what does that say about the global economy? think about it. back to you, jim. >> great analysis again. what a disparity. >> worried about panasonic and sony and these companies and they need that yen to be lower. let's check out latest news in energy. mary thompson is at the nimax. energy all over the map. >>...
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Nov 29, 2012
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and the government control the reinvestment interest the economy. really, there is not much evidence that that has worked. it didn't work under obama or bush, even an argument it didn't work under fdr, which is where it came from. that probably world war ii bailed us out of the economic slump, probably called the great depression, rather than that. i am a sophisticated guy, i don't have a lot of sophisticated looks on things. i just know that i have 350 employees and if you raise a bunch of taxes on me, i really don't have as much money to hire people with. and sometimes people act like i take that money off and stick it in the bank. and i'm just trying to get richer and richer or something, and don't hire people. like i'm a greedy jerk. it helps me to help more people, i can't do that if i'm sending more money to the government. to me. it slows the economy to raise taxes. >> final question, dave, despite your opposition ideology to powerball, have sneakily bought a ticket? >>, you know i have done a lot of stupid things, but never done that. >> you
and the government control the reinvestment interest the economy. really, there is not much evidence that that has worked. it didn't work under obama or bush, even an argument it didn't work under fdr, which is where it came from. that probably world war ii bailed us out of the economic slump, probably called the great depression, rather than that. i am a sophisticated guy, i don't have a lot of sophisticated looks on things. i just know that i have 350 employees and if you raise a bunch of...
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>> remember the first one is the economy, don't mistake the economy -- the economy is more like a cat than a washing machine. the second rule is small is beautiful because it is less fragile. decentralize that small. third rule is skin in a game to make sure that nobody's antifragile at the expense of others. and a fourth rule -- i mean i have like six or seven rules. let me pick one at random -- a good rule is that -- >> by antifragile. >> no. very important rule is to make sure that bailouts help individuals, not companies. in fact we have the exact opposite. we're going to have social unrest if it continues. >> that is a great place to leave it. it is a very interesting and thought provoking book. nice to have you back with us. >> thanks for inviting me. >> pleasure to have you. "antifragile." and i think it is going to be a best seller, ty. >> thank you very much, sue. >>> congressional leaders meeting with america's ceos at this hour to discuss solving our fiscal mess. they're going to hold a press conference shortly and we will take it live. >>> before that though, we're going t
>> remember the first one is the economy, don't mistake the economy -- the economy is more like a cat than a washing machine. the second rule is small is beautiful because it is less fragile. decentralize that small. third rule is skin in a game to make sure that nobody's antifragile at the expense of others. and a fourth rule -- i mean i have like six or seven rules. let me pick one at random -- a good rule is that -- >> by antifragile. >> no. very important rule is to make...
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Nov 21, 2012
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>> we have the economy. we'll begin there now at 4 past the hour. >> we're going to keep reading the post. go ahead. >> the markets look to rebound after stocks finished relatively flat yesterday following a new warning from the central bank about the fiscal cliff. speaking to the economic club of new york, fed chair ben bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. he said going over the fiscal cliff would pose a substantial risk to the economy. according to a new study the fiscal cliff could give 90% of americans new tax bills when the bush tax rates and some by president obama would both end. the working poor would be among the hardest hit. a tax policy center analysis showed a married couple making about $30,000 a year would on average go from receiving a $15 tax credit to owing $1400. >> wow. >> yeah. that's probably a reason to try and get something done? >> maybe we will. maybe we will. >> you would think. >> yeah. or maybe we can just talk about 2016
>> we have the economy. we'll begin there now at 4 past the hour. >> we're going to keep reading the post. go ahead. >> the markets look to rebound after stocks finished relatively flat yesterday following a new warning from the central bank about the fiscal cliff. speaking to the economic club of new york, fed chair ben bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. he said going over the fiscal cliff would pose a substantial...
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Nov 23, 2012
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in a down economy, very cash centric. if i get paid on friday, that's when i'm going to shop. >> shopping day. >> because i don't have a credit card or i'm adverse to using one. >> you heard that guy from jane's report. he bought 400 bucks and saved 700. that's ginormous. >> is it better to go to the stores or do it online? >> the deals tend to be difference. there's a phenomenon of showrooming. best buy has struggled it. they go and look and shop online. in some cases there's no secret to t. they're revealing them on line. you can search best buy black friday. >> now you make me feel guilty because i've done that. >> they know that. you're going to start to see stores be smaller and smaller footprints. >> my fault, great. >> what areas of retail do you find the best game? >> electronics are very hot. not so much. that buying is usually dictated by when your service plan is up. hard gift. tvs, not a great gift. last generation tablets and ipad touches and readers. the nook for example is on sale at walmart. so is the ipad
in a down economy, very cash centric. if i get paid on friday, that's when i'm going to shop. >> shopping day. >> because i don't have a credit card or i'm adverse to using one. >> you heard that guy from jane's report. he bought 400 bucks and saved 700. that's ginormous. >> is it better to go to the stores or do it online? >> the deals tend to be difference. there's a phenomenon of showrooming. best buy has struggled it. they go and look and shop online. in some...
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you have to raise revenues, lower expenses, and grow the economy. but the economy is not isolated. and the global economy is important. how does the u.s. participate? so we have to keep an eye on europe, we can't ignore it. you have to keep an eye on china. china's going to step on the accelerator in march if not earlier. and within the framework of the next ten years, can we regain our economic prowess? and that's priority number one. if you have these guys in new york, mayor bloomberg, mayor booker, the mayor, the governors, cuomo, christie, malloy, if they went on holiday while we had sandy, what would you do? we have an economic crisis. they're going to take a short break in december. yeah, we have to have a patch, but we have to have a fix. and a structural fix is so fundamental so that if you're running a business and you have clarity and visibility for the next five years, you can live with whatever you have. corporate taxes are coming down according to the current administration. you drop them from 35% to 28% or 25% if it's u.s. manufacturing. that is very helpful for profi
you have to raise revenues, lower expenses, and grow the economy. but the economy is not isolated. and the global economy is important. how does the u.s. participate? so we have to keep an eye on europe, we can't ignore it. you have to keep an eye on china. china's going to step on the accelerator in march if not earlier. and within the framework of the next ten years, can we regain our economic prowess? and that's priority number one. if you have these guys in new york, mayor bloomberg, mayor...
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Nov 28, 2012
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manufacturing however weakened or in some cases even contracted so that dual track economy of the economy doing okay but the manufacturing sector not is a theme in this report. slice gains in residential and commercial real estate. tight inventories out there for housing. demand was higher for mortgages and auto loans and credit quality overall appeared to improve. small business loan was weaker to only moderately higher. that sector continues to be troubled. there were moderate gains in hiring with employment up in half of the 12 districts. wage and price pressure was subdude. let me get specific about the effects of hurricane sandy from the beige book. they found freight shipments were disrupted as far away as cleveland with a cloud hanging over jersey shore tourism. atlantic city casinos were mentioned specifically in there. there was concern over rebuilding the shore community and the speed with which they will be built. concern over shortages of construction equipment and rising insurance prices. finally the effects were also -- the philly said that the storm accelerated already exis
manufacturing however weakened or in some cases even contracted so that dual track economy of the economy doing okay but the manufacturing sector not is a theme in this report. slice gains in residential and commercial real estate. tight inventories out there for housing. demand was higher for mortgages and auto loans and credit quality overall appeared to improve. small business loan was weaker to only moderately higher. that sector continues to be troubled. there were moderate gains in hiring...
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money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans. republicans have been willing to negotiate. if he doesn't come forward and provide real leadership, we go off the cliff, the economic disaster that we're going to see is going to be squarely on the shoulders of this president. >> sean: i would like to adopt something like the mac penny plan. cut one penny out of every dollar washington spends, and we move to a balanced budget. with baseline budgeting, you have increases every year. can you ever get rid of baseline budgeting? >> if any corporation in america operated the way the co
money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans....
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well, the economy is worse now than it was then. frankly, if you look at the dynamic shift in demographics our entitlements are growing at a time when our working population is decreasing. the only answer to all these problems is sustained economic growth. it's the economy, stupid. megyn: what if the republicans say we agree, raise the taxes on the rich. and then what would happen? then what they would be debating about when that most likely didn't fix the problem, quick last word. >> it's a terrible position for the republicans to be in. their only negotiating coin right now. and to give in without doing something to figure out these entitlement program would be a disaster for the republican party. megyn: michael, thanks. coming up, a provocative column in the "wall street journal" on race in america. megyn: the teacher's union in buffalo, new york attracted national attention when we learned their contract benefits include coverage for taxpayer turned plastic surgeries. the issue came up again and trace gallagher picks up our stor
well, the economy is worse now than it was then. frankly, if you look at the dynamic shift in demographics our entitlements are growing at a time when our working population is decreasing. the only answer to all these problems is sustained economic growth. it's the economy, stupid. megyn: what if the republicans say we agree, raise the taxes on the rich. and then what would happen? then what they would be debating about when that most likely didn't fix the problem, quick last word. >>...
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Nov 21, 2012
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so lock at that and think twice what they are doing and be thankful you have a job in the economy. >>eric: thank you for joining us today. forget the union threat, is the fiscal cliff a threat? doing a number on holiday shoppers? sandra, people are not shopping because they worried about the fiscal cliff, is this true? >>guest: they say they will change their habits. even if there is a deal goldman sachs saying consumers will be impacted but it is the thought of the so-called fiscal cliff that has consumers spooked. a study says half of u.s. adults say the impending cliff will impact their holiday shopping plans in some sort of way, and 18 percent of respondents say the fiscal cliff will have a large impact on their overall holiday spending this year. now, that being said, the sacrifices consumers will make over the holidays go far beyond the mall, we are talking about the sluggish economy, having an impact on other sacrifices that americans are making, their vacations, they have relied on relatives for air fare to get home and scoured the remember for travel deals to ensure they c
so lock at that and think twice what they are doing and be thankful you have a job in the economy. >>eric: thank you for joining us today. forget the union threat, is the fiscal cliff a threat? doing a number on holiday shoppers? sandra, people are not shopping because they worried about the fiscal cliff, is this true? >>guest: they say they will change their habits. even if there is a deal goldman sachs saying consumers will be impacted but it is the thought of the so-called fiscal...
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Nov 28, 2012
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that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> reporter: now, of course, that's a hope, but getting there is another story. this is very difficult to cross the partisan divide, the ideological divide and the divide of interest, melissa. you've got people who are going to pay real money one way or the other in lost benefits or higher taxes and bridging that divide is going to be difficult. you still have republicans striking a public posture saying they want more spending cuts from the administration and from democrats. democrats want republicans to prove more robustly than they have so far that they're willing to raise taxes. >> john, do you think this is a way of obama being able to point to these meetings when he softens his stance on, for instance, higher taxes for the very highest tax rate? maybe not 39 1/2, maybe more like 35, but he can say i met with these
that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> reporter: now, of course, that's a hope, but getting there is another story. this is very difficult to cross the partisan divide, the ideological divide and the divide of interest, melissa. you've got people who are...
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Nov 27, 2012
11/12
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that would have a bad effect on the economy. republicans have already agreed to increase taxes on the wealthy. when you heard senator gram and others say they're willing to cap deductions and close loopholes. they're willing to find new revenues we know taxes on the wealthy are going up. what we're talking about is an increase in rates. republicans tell me if the president moves off the 250,000 number to somewhere between 500,000 and a million they're going to end up agreeing to an increase in rates. that will be slight. it won't be 39.6. but that would probably end up with republicans budging there. democrats have one place to go. they have to agree to some movement on medicare reform. the president has inched over there but he is under tremendous pressure from liberals not to touch medicare. he will have to give something or republicans won't give increase in the debt ceiling. jon: you talked to bret baier a lot on "special report" and he was on yesterday and gave us a statistic our brain room developed but bret didn't get it
that would have a bad effect on the economy. republicans have already agreed to increase taxes on the wealthy. when you heard senator gram and others say they're willing to cap deductions and close loopholes. they're willing to find new revenues we know taxes on the wealthy are going up. what we're talking about is an increase in rates. republicans tell me if the president moves off the 250,000 number to somewhere between 500,000 and a million they're going to end up agreeing to an increase in...
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Nov 28, 2012
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and to strengthen this economy. we should take action before the end of the year and we should make some decisions and we should set ourselves on the path to serious deficit reduction. and we can do that. we need to just be able to work together to make that happen. >> congresswoman allyson schwartz, thank you very much. >>> coming up next, susan rice, once again, comes face to face with several republicans, and one senator in particular said she would make a better politician than a diplomat. >>> the economy, not great, but americans are still buying up their powerball tickets. why? because it is the biggest powerball jackpot in history and it just got bigger. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let'
and to strengthen this economy. we should take action before the end of the year and we should make some decisions and we should set ourselves on the path to serious deficit reduction. and we can do that. we need to just be able to work together to make that happen. >> congresswoman allyson schwartz, thank you very much. >>> coming up next, susan rice, once again, comes face to face with several republicans, and one senator in particular said she would make a better politician...
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Nov 26, 2012
11/12
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economy and how do we get us back to that and, two, how do you solve a problem? >> second big development. a growing number of liberal democrats say they're willing to risk going off the cliff to make sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you sign 20 years ago, 18 years ago, is for that congress. if i were in congress in 1841 i would have supported declaration of war against japan. i won't attack japan today. the world changed and the economic situation is different. >> i am not oblg gate on the pledge. i was just elected. the only thing i am honoring is the oath that i take when i serve when i am sworn in in january. >> chambliss already made a similar statement last week. the question is is this a real softening of positions? does it give them room to make deal. >
economy and how do we get us back to that and, two, how do you solve a problem? >> second big development. a growing number of liberal democrats say they're willing to risk going off the cliff to make sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the...
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Nov 29, 2012
11/12
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the american economy is on the line. and this is a moment for adult leadership. campaigns that have leaks in the press are not a way to get things done in washington. >>reporter: other top republicans express frustration saying they had seven weeks to work it out they feel like fiscal cliff are now gone. >>shepard: are we supposed to believe all the sources who tell us that there is real progress behind-the-scenes or not? >>reporter: depends who you listen to. the republican leader in the united states senate, mcconnell said geithner's visit was a step backward. sources say he was talking about raising taxes $1.6 trillion and they say that is not reality. that is not going to pass the senate or the house >>shepard: the syrian government that is killing its people by the tens of thousands has shut down the internet across the country according to two u.s. based internet monitoring companies. activists confirm the blackout to the associated press and the syrian government claims we didn't do it, no, the terrorists shut down the intent. fighting an the main syrian a
the american economy is on the line. and this is a moment for adult leadership. campaigns that have leaks in the press are not a way to get things done in washington. >>reporter: other top republicans express frustration saying they had seven weeks to work it out they feel like fiscal cliff are now gone. >>shepard: are we supposed to believe all the sources who tell us that there is real progress behind-the-scenes or not? >>reporter: depends who you listen to. the republican...
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Nov 24, 2012
11/12
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs.n guide. call or go online today. after all, when you're going the distance it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long.é@ >>> a natural gas explosion in downtown massachusetts has destroyed at least one building andd eight people. defianc
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp an organization serving the needs of americans 50 and over for...
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Nov 28, 2012
11/12
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FBC
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gerri: luxury cars up 10% this year, recession, maybe not, speaking to the economy. jake, thanks for coming on tonight. great to have you on. >> you're welcome. fun being on. have a great night. green cars seem to be all the rage at the car shows every year, but they are not catching on with consumers despite president obama's dream of a million electric vehicles on the road by 2012, and 2011, only only 18,000 units sold, that's a bummer. in tonight's top five, the best selling electric cars in the u.s. so far this year, number five, ford focus electric. now, through august of this year, ford sold fewer than 200 of the vehicles. they didn't reach the lots until may. four, the mitts bee shy, sales up 400% to a whopping 403 cars. knee san, number one seller last year, only four people drove away in a leaf. oh, boy, the cousin of the best selling hybrid car, the toyota prius plug-in. only 6,000 priuses sold in the first three quarters, leaving us with the number one electric car in the u.s., yeah, you got it, the always controversial chevy volt which does not make this
gerri: luxury cars up 10% this year, recession, maybe not, speaking to the economy. jake, thanks for coming on tonight. great to have you on. >> you're welcome. fun being on. have a great night. green cars seem to be all the rage at the car shows every year, but they are not catching on with consumers despite president obama's dream of a million electric vehicles on the road by 2012, and 2011, only only 18,000 units sold, that's a bummer. in tonight's top five, the best selling electric...